Stellus Capital Investment Corp. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Stellus Capital Investment Corporation will hold its 2024 Annual Meeting of Stockholders virtually on June 20, 2024.</b>

AI Summary

Stellus Capital Investment Corp (SCM) filed a Proxy Statement (DEF 14A) with the SEC on April 24, 2024. The 2024 Annual Meeting of Stockholders for Stellus Capital Investment Corporation will be held virtually on June 20, 2024. Stockholders of record as of April 22, 2024, are entitled to vote at the meeting. The proxy statement and annual report on Form 10-K for the year ended December 31, 2023, are available online. The meeting will be conducted solely on the internet. Robert T. Ladd, Chairman of the Board, President and Chief Executive Officer, encourages stockholders to vote.

Why It Matters

For investors and stakeholders tracking Stellus Capital Investment Corp, this filing contains several important signals. This filing is a definitive proxy statement (DEF 14A), indicating it's the final version sent to shareholders for voting on corporate matters. The virtual format of the meeting aims to increase accessibility for stockholders to participate and vote on important company decisions.

Risk Assessment

Risk Level: — Stellus Capital Investment Corp shows moderate risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain new financial performance data or strategic shifts that would indicate significant risk.

Analyst Insight

Stockholders should review the proxy materials and vote their shares for the upcoming annual meeting to ensure their participation in corporate governance.

Key Numbers

• June 20, 2024 — Annual Meeting Date (2024 Annual Meeting of Stockholders)
• April 22, 2024 — Record Date (Stockholders of record at close of business on this date are entitled to vote)
• 2023 — Fiscal Year End (Annual report on Form 10-K for the year ended December 31, 2023)

Key Players & Entities

• Stellus Capital Investment Corp (company) — Registrant
• Robert T. Ladd (person) — Chairman of the Board, President and Chief Executive Officer
• June 20, 2024 (date) — Annual Meeting date
• April 22, 2024 (date) — Record date for voting eligibility
• April 24, 2024 (date) — Filing date

FAQ

Industry Context

Stellus Capital Investment Corporation is a business development company (BDC) that invests in the debt and equity of middle-market companies.

Regulatory Implications

This filing is made under Schedule 14A of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the proxy statement and annual report for detailed information on matters to be voted on.
2. Vote your shares by the deadline, utilizing the provided internet, telephone, or mail instructions.
3. Attend the virtual annual meeting on June 20, 2024, to participate in the company's governance.

Key Dates

• 2024-06-20: 2024 Annual Meeting of Stockholders — Key date for stockholders to vote on corporate matters.
• 2024-04-22: Record Date — Determines eligibility to vote at the Annual Meeting.
• 2024-04-24: Filing Date — Date the definitive proxy statement was filed with the SEC.

Year-Over-Year Comparison

This is the initial filing for the 2024 Annual Meeting of Stockholders, providing details on the upcoming meeting and proxy materials.

Key Financial Figures

• $10,000 — at an anticipated cost of approximately $10,000 plus reimbursement of certain out-of-po
• $100,000 — ested Directors Robert T. Ladd over $100,000 over $100,000 Dean D'Angelo over
• $100,000 B — J. Tim Arnoult over $100,000 over $100,000 Bruce R. Bilger over $100,000 over $1
• $13.98 — share of the Company's common stock of $13.98 on April 22, 2024 on the New York Stock
• $1 — ecurities beneficially owned are: none; $1–$10,000; $10,001–$50,000; $50,001–$100,
• $10,001 — neficially owned are: none; $1–$10,000; $10,001–$50,000; $50,001–$100,000; and over $10
• $50,000 — ly owned are: none; $1–$10,000; $10,001–$50,000; $50,001–$100,000; and over $100,000.
• $50,001 — are: none; $1–$10,000; $10,001–$50,000; $50,001–$100,000; and over $100,000. PROPOSAL

Filing Documents

• tm242919-4_def14a.htm (DEF 14A) — 548KB
• px_24stelluspage01-bw.jpg (GRAPHIC) — 305KB
• px_24stelluspage02-bw.jpg (GRAPHIC) — 257KB
• 0001104659-24-051284.txt (&nbsp;) — 1269KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth, as of April 22, 2024, the beneficial ownership of each current director, each nominee for director, the Company's executive officers, each person known to us to beneficially own 5% or more of the outstanding shares of our common stock, and the executive officers and directors as a group. Beneficial ownership is determined in accordance with the rules of the SEC and includes voting or investment power with respect to the securities. Shares of common stock subject to options or warrants that are currently exercisable or exercisable within 60 days of April 22, 2024 are deemed to be outstanding and beneficially owned by the person holding such options or warrants. Such shares, however, are not deemed outstanding for the purposes of computing the percentage ownership of any other person. Percentage of ownership is based on 24,125,642 shares of common stock outstanding as of April 22, 2024. 5 Unless otherwise indicated, to our knowledge, each stockholder listed below has sole voting and investment power with respect to the shares beneficially owned by the stockholder, except to the extent authority is shared by their spouses under applicable law. Unless otherwise indicated, the address of all executive officers and directors is c/o Stellus Capital Investment Corporation, 4400 Post Oak Parkway, Suite 2200, Houston, Texas 77027. The Company's directors are divided into two groups—interested directors and independent directors. Interested directors are "interested persons" as defined in Section 2(a)(19) of the 1940 Act. Name and Address of Beneficial Owner Number of Shares Owned Beneficially Percentage of Class Interested Directors Robert T. Ladd 632,729 2.62 % Dean D'Angelo 222,252 * Independent Directors J. Tim Arnoult 40,869 * Bruce R. Bilger 182,565 * William C. Repko 10,000 * Executive Officers W. Todd Huskinson 37,

View Full Filing

View this DEF 14A filing on SEC EDGAR